Aquafil to acquire Invista’s Asia-Pacific nylon 6 business
The assets in question relate to Invista’s Polyamide 6 BCF Fibre business in the region, which Aquafil says has a turnover of $50 million. The transaction does not include Invista’s other businesses in Asia, such as its nylon 6,6, polyester, polyols and licensing businesses.
It gave no indication of the value of the deal but said it expects it to close on March 29, 2018.
“This is a milestone for the further development of Aquafil in the Asia Pacific region,” said Giulio Bonazzi, president and CEO of Aquafil. “This deal will accelerate Aquafil’s investment program in the area of Asia Pacific, which remains the region with highest potential in terms of demand growth for synthetic fibres.”